Posted: Thursday February 29, 2024
At a council meeting on Tuesday, February 27, 2024, Brockville council passed the 2024 municipal budget with a net tax levy of $43,618,442. The net residential tax rate increase is 4.9 per cent, representing an estimated annual increase of $77.52 or monthly, $6.46 per $100,000 of assessment for a residential home. An average Brockville residential property assessed at $250,000 would have an estimated annual increase of $193.81, or monthly $16.15.
The highlights of the budget include:
- $25,035,174 to support City Departments
- $91,260 in net annual savings of after bringing Para-Transit in-house
- $400,000 contribution from Fiscal Policy Reserve to smooth the 2023 Budget jump-gap
- $18,434,768 to support community partners including:
- $268,194 of MAT tax to offset the Aquatarium net budget of $642,844 (operating $450,000 and In-kind $192,884)
- $400,000 contribution from Fiscal Policy Reserve to mitigate the 63% increase, $1,039,768 from St. Lawrence Lodge, $2,686,264
- $148,500 to support community groups including:
- Brockville YMCA $120,000
- Maple View Lodge $22,000
- Sherwood Park Manor $100,000 year 1 of 5 proposed funding by debt.
The budget continued to support current service levels while also investing in capital projects:
- $3,079,908 rehabilitation of the William Street Overpass
- $1,013,850 for parks and recreation projects including:
- $450,000 for arena equipment and safety updates.
- $120,000 for Railway Tunnel light show maintenance.
- $50,000 for Laurier soccer/rugby pitch.
- $55,000 for Centeen Park steps.
- $28,000 Brock Trail
- $282,850 other parks maintenance
- $2,150,000 for road surface maintenance.
- $341,000 bridges and culverts
- $236,614 transit
- $543,800 IT infrastructure
- $1,787,300 public works equipment
- $185,410 building services
- $166,600 fire equipment
- $717,350 other facility maintenance and equipment
See also, three pages of graphs for the final 2024 budget including; City Department Budget by Expense Category, 2024 Capital Budget Funding, and 2024 Tax Levy – City Departments & Community Partners.
More information about the budget and finance can be found here.
Thank you for your continued support and involvement in shaping the future of the City of Brockville. Together, we can build a stronger, more vibrant community.